No bounce yesterday near EOD. And selling continues in first 15 minutes today. Dropping to .25 cents wow.
SG&A has increased, true. But ECIG is expanding its footprint. Interesting to see what happens from here. Will .25 be support? we'll see.
Well, after the first hour, it has had higher lows on the daily chart. Will watch and follow to see if trend continues.
No one is shorting at these levels. This is just frustrated longs who bought on the way down, selling their positions on the spikes. Alot of churn to go through before the weak buyers last month are gone.
Also, buyers from this morning and last night are now sellers, dumping this stock again for the disappointing price movement.
Essentially the entire float has been traded in the last 5 days. That means that there is no institutional selling. This all just day traders getting in and out.
In for a penny in for a pound. I'll hang around. If there is ore concrete information about a buyer, this could go over .60 very quickly.
Full disclosure, every time I post on a message board, my stock goes the opposite direction of my sentiment. So, it may be wise to sell or or short. LOL
This was trading above 1.20 prior to the October deal.Then went to $2. Now that the deal is undone, it is below .80?? Doesn't make sense. Just panic selling and MM.
This was anywhere between 1.20 and 1.50 all year before the Oct deal.
with only 5 million shares owned by institutional investors last quarter, based on volume over the last 2 weeks, it looks like institutional investors were out last week. The drop yesterday/today is more likely naked shorts playing their last few pennies or fatigued day traders.
I tend to agree with you. Negotiations must be getting closer to finalization. The offer price may be imminent as they may want to get things done, or at least get it on the table, before Christmas and New Year break.
JPM only downgrades to Market Perform. You think they would downgrade to sell if they thought there was good reason.
with 65 million shares traded, that means institutions may already have exited. Which means today's drop is just day traders exiting their speculative positions they took at pre market.
No 50% haircut today. But I expect ADEP to test $4 in next 1-2 weeks. There really is no near term support, especially after the earnings. Looking at the charts, around 3.75 is the only area of support I see.
PE prior to this morning was 19. It will be a ridiculous low around 12-13 after the drop, That is crazy attractive for a business that is making money, albeit slightly less than a year ago.
Small float + low daily volume = big initial move. We'll see how the rest of the day pans out. I tend to agree with you though
Too much cyber hype. The ability to turn cyber fear into real money is still a problem.
When everyone is pumping, the time is right to short.
FEYE is tired. It has had its "cyber sprint" and is now ready to settle back some. No problem shorting at these levels.
With a PEG over 40 and forward PE of 633....SPLK was priced for perfection.
Too rich for me at these prices!